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SmartAsset Launches New Retirement Planning Tool to Empower Consumers

SmartAsset Brings Transparency and Ensures Consumers Get the Most Out of Their Retirement Savings

NEW YORK, NY--(Marketwired - Mar 13, 2014) - SmartAsset, a technology platform that provides instant, personalized answers to complex financial questions, today announced the launch of a retirement section. Designed to be the web's best resource for retirement answers, the new solution from SmartAsset informs and empowers consumers to make smarter choices by understanding the implications of taxes and social security.

SmartAsset's new free retirement section models taxes and social security for each user, so every person can see what makes the most sense for their particular financial profile. This means that all of the advice is deeply personalized. The new tool answers questions such as:

How much do I need to save for retirement?

How much will social security provide in retirement?

How should I save for retirement?

What is the best retirement account?

How does my 401K work?

"Personal finance sites have made the process of investing more straightforward, but they assume that you already know which retirement plan makes the most sense for you," said Michael Carvin, CEO and founder at SmartAsset. "We built the new retirement section because we needed it ourselves. Now consumers can find out the tax and social security consequences of their 401Ks, allowing them to better manage their options. The difference between a good and bad retirement plan is significant and could be the difference between having a $1.6 million and $1 million for retirement."

The personal finance platform from SmartAsset was designed to empower people with highly personalized information and recommendations around major financial decisions. What launched as a tool for home buying quickly expanded to help consumers make smarter decisions around life insurance, student loans, refinancing and credit cards. Incorporating this same transparency to retirement is a natural progression. SmartAsset currently helps people answer 79 of life's most challenging financial questions and its user base is growing by 40 percent month-over-month.

About SmartAssetSmartAsset makes life's biggest decisions easier by bringing full transparency to the financial decision making process. It's the Web's first personal finance platform designed to empower people with highly personalized information and recommendations around major financial decisions. SmartAsset's platform currently helps answer 79 questions including those related to life-changing financial decisions like home buying analysis, whether to go back to school and credit cards. Founded in 2011, SmartAsset is based in New York and funded by Y Combinator, Javelin Venture Partners, North Bridge Venture Partners and many others.